FOREX markets have shown exceptional volatility so far in early-week trade, but USD/JPY has been relatively quiet, all factors considered. This likely has to do with the tariff topic dominating headlines at the moment, but for traders looking for way of tracking USD-strength, USD/JPY could be of interest and it could remove some of that volatility that’s shown in pairs like EUR/USD or even USD/CAD.
EUR/JPY on the other hand has given up a big spot of support, and this sets up for resistance potential around 160.00 in EUR/JPY.
GBP/JPY meanwhile has held the 190.00 level and interestingly, that level was in-play as support around the same time as the last support test of 160.00 in EUR/JPY. This could set up some interesting interplay between Euro and GBP.
To see prior webinars, the link below will take you there: Price Action Webinar Archive Playlist-
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